Financial institution that partners with the investment manager to communicate details, execute modifications and settle financial instrument transactions. The executing broker generally executes the trade in the local market.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_ANoo09okEeC60axPepSq7g_-989945199"
name="ExecutingBroker"
definition="Financial institution that partners with the investment manager to communicate details, execute modifications and settle financial instrument transactions. The executing broker generally executes the trade in the local market."
registrationStatus="Provisionally Registered"
xmlns:xmi="http://www.omg.org/XMI" />